The Goldman Sachs Group (NYSE:GS) Trading Up 0.7%

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) were up 0.7% during trading on Thursday . The company traded as high as $451.50 and last traded at $450.05. Approximately 569,120 shares changed hands during trading, a decline of 76% from the average daily volume of 2,342,768 shares. The stock had previously closed at $446.95.

Analysts Set New Price Targets

GS has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. HSBC boosted their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $440.57.

The Goldman Sachs Group Stock Up 1.9 %

The business’s 50-day moving average price is $407.80 and its 200-day moving average price is $377.71. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $147.84 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.79 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,330 shares of company stock valued at $11,713,578. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. Pineridge Advisors LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Finally, LifeSteps Financial Inc. acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.